Dear Condo Owners,
I hope this email finds you well. Given the recent economic developments, I wanted to provide you with a brief overview of the current economic climate and how it might impact your decision to sell or rent out your condo.
10-Year Treasury Yields: Recently, there's been a significant rise in the 10-year Treasury yield, reaching levels we haven't seen since 2007. This rate is a key indicator that affects various loan types, including mortgages.
Mortgage Rates: Due to the rise in the 10-year Treasury yield, 30-year mortgage rates have approached 8%, a rate not seen since 2000. This increase might discourage potential buyers as their borrowing costs go up.
Housing Market Impact: Higher mortgage rates could have mixed effects:
Economic Growth & Challenges: While the U.S. economy showed a robust 4.5% growth rate in the third quarter, projections suggest a slowdown in the coming quarters. This slowdown could influence potential buyers' confidence.
Selling: If you're considering selling, keep in mind that while mortgage rates are rising, the limited housing supply might still fetch you a good price. However, the pool of potential buyers might shrink as borrowing becomes more expensive.
Renting: If you're leaning towards renting out your condo, it could be a prudent move. With increasing mortgage rates, some individuals might opt to rent instead of buy, potentially boosting rental demand.
As always, it's essential to consult with a real estate professional to get a detailed analysis tailored to your specific situation.
Please feel free to reach out if you have any questions or need further insights.
Stay informed and take care!
Warm regards,
BRIANMASER |
Why More Buyers Are Walking Away — And How to Protect Your Condo's Worth in 2025
Avoid Escrow Headaches: What Every Condo Buyer and Seller Needs to Know
Avoid fines, delays, and unhappy neighbors — here’s how to upgrade your condo the right way before listing it.
Get Top Dollar Without Over-Renovating: What Move-In Ready Means to LA Condo Buyers Today
Renovate Smart: The Most Cost-Effective Condo & Townhome Upgrades
From New Agent to Trusted Condo Specialist—How Mike Pines Scaled His Business with Systems, Coaching, and Confidence
Most condo deals fall apart because of the building — not the unit. Here’s how smart sellers and buyers stay ahead.
Panic, not property issues, is the real deal killer — here’s how to avoid it.
Most buyers don’t get cold feet because of the property — it’s because no one is helping them understand the process. We fix that.
You’ve got questions and we can’t wait to answer them.